iLoan is the preferred lender for the Memeti Group. iLoan offers easy, convenient, online shopping for the best loan programs and most current rates available, together with the assistance of an experienced live loan officer to guide you through the often difficult and confusing process of choosing and getting the exact loan to meet your specific needs.
Nick Memeti is one of the most highly acclaimed names in the Chicagoland mortgage industry. Son of Sam and Lydia Memeti, a Remax Hall of Famer, Nick was taught the fundamentals of real estate as a teenager long before he started his career as a mortgage professional at the young age of 20. By the time he was 23 he had started his first mortgage company and quickly sold it for a profit. This gave way to a fresh new mortgage concept, with a new approach towards lending. At the age of 25, Nick launched Freedom Mortgage Team, known for its creative marketing campaigns, expansive product lines, and robust processing systems. Freedom was a household name in Chicagoland boasting over 200 employees and listed in Crain’s Chicago as one of the top 200 private held businesses in 2005. Nick is commonly known as the architect and driving force to The Memeti brand name.
With over 22 years experience Nick Memeti is an expert on all residential financing, excelling in Jumbo and “niche” portfolio lending.
“Every good loan officer should know how to do traditional Fannie Mae, Freddie Mac and government loans.
In my opinion the industry elite should also know how to execute non traditional, niche or non conforming loans as well. Not every client has a typical lifestyle and more importantly every family has their own story. Too many borrowers have been denied for not being perceived as “normal credit profiles”. Proving that perceptions inaccuracy is the most exciting part of my career.”
“Many people don’t know that I was actually in the fashion industry for years while I was learning the mortgage craft. My parents hated it. I was young and they would rather have me helping them in their industry. As strange as that sounds you learn a lot living all over the world and meeting people from different cultures on a daily basis. The fashion industry is extremely demanding, and unfortunately, very judgmental. As a model you learn the trends and demands of the public every single day. Things are constantly changing and if you don’t change with the times your career won’t survive. Crossing those experiences over to the the mortgage and real estate industry was seamless for me. I always believe you have 15 seconds to make an impression on someone. Presentation is important but what comes out of your mouth is crucial. Treat people the way they want to be treated and most importantly, know your craft.”
Today Nick embraces many titles. He is the founder, owner, CEO or primary consultant to many companies headlined by iLoan, Red Model Management, Mode Body Boutique, The Memeti Group, and radio host to WGN’s Market Overdrive.
His charitable contributions have been just as expansive. His companies have donated over a million dollars between community involvement and sponsorships of over 100 youth athletic programs from the inner city to the suburbs.
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